István Tiborcz, a son-in-law of Hungarian prime minister Viktor Orbán, has become the majority owner of BDPST Zrt., a fast-growing real estate company after purchasing shares from one of his long-time business partners, company records show.

Property prices will continue to grow in Hungary this year, but at a slower pace, according to real estate site ingatlan.com. Meanwhile, the government has indicated that a preferential VAT rate for home construction is not likely to be adopted before summer this year.

The Prime Minister’s Office has ordered a renovation of the Várkert Bazár, the exhibition and convention centre at the bottom of the Buda castle in the First District in Budapest, due to water leaking into the building, Népszava reports.

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the government commissioner in charge of the project. The total budget for renovation of 39 sites amounts to HUF 55 billion, notes a report in daily Világgazdaság, with work expected to be completed in 2019.

Zoltán Roy Zsiday rents four council-owned apartments in a baroque building in the middle of Budapest’s Castle District for a total of HUF 126,126 (USD 489) a month. He then leases out the four apartments as boutique hotel suites for hundreds of dollars per day, reports hvg.hu.

Prime Minister Viktor Orbán inaugurated the renovated Klebelsberg Castle in Budapest’s second district. Speaking at the ceremony, Orbán said that the more Europe gives up of its faith and culture, the weaker it will become politically and economically.

The theatre in Buda’s Millenáris Park will be expanded and rebuilt to host the National Dance Theatre, CEO of the performing arts institution Péter Ertl announced on Tuesday. The dance troupe had to leave its Buda Castle home in 2014 and has performed at various venues since then.

The prime minister will be housed in the former Carmelite convent in Buda Castle only provisionally, as he could relocate to the nearby Sándor Palace within two years, Prime Minister’s Office leader János Lázár said in an off-the-record conversation on Wednesday.

István Tiborcz, a son-in-law of Hungarian prime minister Viktor Orbán, has become the majority owner of BDPST Zrt., a fast-growing real estate company after purchasing shares from one of his long-time business partners, company records show.

Property prices will continue to grow in Hungary this year, but at a slower pace, according to real estate site ingatlan.com. Meanwhile, the government has indicated that a preferential VAT rate for home construction is not likely to be adopted before summer this year.

The Prime Minister’s Office has ordered a renovation of the Várkert Bazár, the exhibition and convention centre at the bottom of the Buda castle in the First District in Budapest, due to water leaking into the building, Népszava reports.

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the government commissioner in charge of the project. The total budget for renovation of 39 sites amounts to HUF 55 billion, notes a report in daily Világgazdaság, with work expected to be completed in 2019.

Zoltán Roy Zsiday rents four council-owned apartments in a baroque building in the middle of Budapest’s Castle District for a total of HUF 126,126 (USD 489) a month. He then leases out the four apartments as boutique hotel suites for hundreds of dollars per day, reports hvg.hu.

Prime Minister Viktor Orbán inaugurated the renovated Klebelsberg Castle in Budapest’s second district. Speaking at the ceremony, Orbán said that the more Europe gives up of its faith and culture, the weaker it will become politically and economically.

The theatre in Buda’s Millenáris Park will be expanded and rebuilt to host the National Dance Theatre, CEO of the performing arts institution Péter Ertl announced on Tuesday. The dance troupe had to leave its Buda Castle home in 2014 and has performed at various venues since then.

The prime minister will be housed in the former Carmelite convent in Buda Castle only provisionally, as he could relocate to the nearby Sándor Palace within two years, Prime Minister’s Office leader János Lázár said in an off-the-record conversation on Wednesday.

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